Goldman Sachs Likely to Boost Legal Reserves for 1MDB: Analysts

Goldman Sachs Likely to Boost Legal Reserves for 1MDB: Analysts
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange on July 16, 2013. Reuters/Brendan McDermid
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PARIS/NEW YORK—Thumbing through a thick binder detailing European mid-sized and family-owned firms, JP Morgan’s Doug Petno has his sights set on a business Europe’s banks have kept to themselves.

“This list is heavily curated, handpicked,” Petno, the New York-based CEO of JP Morgan’s commercial banking segment, told Reuters of the 1,500 companies it wants to become clients.